Xi, Putin share vision for new global order at security forum
TIANJIN 鈥 Chinese President Xi Jinping urged leaders at a regional summit to leverage their 鈥渕ega-scale market鈥 on Monday, while Russian President Vladimir Putin showed support for Mr. Xi鈥檚 ambition for a new global security and economic order that poses a challenge to the United States.
The Shanghai Cooperation Organization (SCO) has set a model for a new type of international relations, Mr. Xi said in opening remarks addressing more than 20 world leaders at a two-day summit held in northern China鈥檚 port city Tianjin.
鈥淲e should advocate for equal and orderly multipolarization of the world, inclusive economic globalization and promote the construction of a more just and equitable global governance system,鈥 he said.
鈥淲e must take advantage of the mega-scale market… to improve the level of trade and investment facilitation,鈥 said Mr. Xi, urging the bloc to boost cooperation in fields including energy, infrastructure, science and technology, and artificial intelligence.
Mr. Putin said the grouping has revived 鈥済enuine multilateralism鈥 with national currencies increasingly used in mutual settlements.
鈥淭his, in turn, lays the political and socio-economic groundwork for the formation of a new system of stability and security in Eurasia,鈥 he said.
鈥淭his security system, unlike Euro-centric and Euro-Atlantic models, would genuinely consider the interests of a broad range of countries, be truly balanced, and would not allow one country to ensure its own security at the expense of others.鈥
Indian Prime Minister Narendra Modi and other leaders from Central Asia, the Middle East, South Asia and Southeast Asia attended the opening ceremony in a major show of Global South solidarity.
The security-focused bloc, which began as a group of six Eurasian nations, has expanded to 10 permanent members and 16 dialogue and observer countries in recent years.
Mr. Xi called on organization partners to 鈥渙ppose Cold War mentality and bloc confrontation鈥 and to support multilateral trade systems. That was an apparent dig at US President Donald J. Trump鈥檚 tariff war which has disproportionately affected developing economies such as India, whose exports were hit with a 50% levy last week.
China will provide 2 billion yuan ($280 million) of free aid to member states this year and a further 10 billion yuan of loans to an SCO banking consortium, he added.
Speaking on the sidelines of the meeting on Sunday, United Nations Secretary-General Antonio Guterres said China played a 鈥渇undamental鈥 role in upholding global multilateralism.
Beijing has also used the summit as an opportunity to mend ties with New Delhi.
Mr. Modi, who is in China on his first visit in seven years, and Mr. Xi both agreed on Sunday their countries are development partners, not rivals, and discussed ways to improve trade ties amid the global tariff uncertainty. 鈥 Reuters
($1 = 7.1529 Chinese yuan renminbi)
